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ANA Signature US Coin Sale 1258  2-6 Aug 2017
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Lot 4117

Starting price: 1 USD
Price realized: 24 000 USD
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Proof Three Dollar Gold Pieces
1856 $3 PR62 NGC. The Bowers reference estimates eight to 10 proofs were struck, of which just four to six pieces survive. PCGS suggests five to eight pieces are known. The status of this piece as a proof is unarguable, since it is struck from a die pair only employed for the 1856 proof strikes. The reverse die was altered from an 1854 die with DOLLARS in Small Letters, which were partially effaced and overpunched with the then-current DOLLARS in Large Letters. Traces of the undertype are easily visible with a glass. The 1856 date is positioned noticeably lower within the wreath compared to the 1856 circulation strikes.
Both three dollar gold and proof specialists will vie for this rare example. Reflective proof surface remains at the margins and within protected areas, although the surrounding fields show numerous delicate lines and tiny marks. The central devices are sharply struck and frosted. Our archives show only two previous offerings of an 1856 proof three dollar gold (a PR62 Cameo, two separate appearances of the same coin). Census: 1 in 62, 0 finer (6/17).


HID02901242017
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